Polar Asset Management Partners Inc. Takes $267,000 Position in Kaixin Auto Holdings (NASDAQ:KXIN)

Polar Asset Management Partners Inc. acquired a new stake in Kaixin Auto Holdings (NASDAQ:KXIN) during the 2nd quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor acquired 121,189 shares of the company’s stock, valued at approximately $267,000. Polar Asset Management Partners Inc. owned about 0.20% of Kaixin Auto at the end of the most recent reporting period.

Separately, Invesco Ltd. purchased a new stake in Kaixin Auto during the second quarter worth $148,000. Institutional investors and hedge funds own 1.38% of the company’s stock.

In other news, Director Sing Wang purchased 76,983 shares of the stock in a transaction that occurred on Wednesday, June 26th. The shares were purchased at an average cost of $2.15 per share, with a total value of $165,513.45. The transaction was disclosed in a filing with the Securities & Exchange Commission, which is accessible through this link. Corporate insiders own 20.78% of the company’s stock.

Separately, ValuEngine raised shares of Kaixin Auto from a “hold” rating to a “buy” rating in a report on Tuesday, September 10th.

NASDAQ KXIN traded up $0.14 during mid-day trading on Thursday, reaching $2.09. 1,400 shares of the stock were exchanged, compared to its average volume of 22,786. The business has a 50 day simple moving average of $1.77. Kaixin Auto Holdings has a 1 year low of $1.06 and a 1 year high of $11.00.

About Kaixin Auto

Kaixin Auto Holdings operates as a used car dealership in the People's Republic of China. As of December 31, 2018, the company had 14 dealerships. It also provides financing channels to its customers through its partnership with financial institutions; and value-added services to its customers, including insurance, extended warranties, and after-sales services The company was founded in 2015 and is based in Beijing, the People's Republic of China.

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